Category: Highlights

Europe-Asia cargo transportation through the Caucasus is growing manifold as international shippers seek to avoid Russia and hasten to set up new transit routes. Cargo transshipment through Central Asia and the Caucasus will grow six times in 2022 compared to the previous year, to 3.2 million metric tons, according to the estimates of an association composed of the major state transportation companies in the region. “This is due to the sharply increased demand for the […] route against the backdrop of recent events taking place in the world,” the Trans-Caspian…

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Rapid transformation of farmlands nearby cities into housing schemes poses serious environmental challenge’ Karachi The rapid transformation of the farmland nearby cities particularly that in the vicinity of Karachi into urban housing schemes has emerged as one of the biggest environmental challenges in Pakistan.The issue of fast shrinking farmlands nearby urban centres of the country was raised by the concerned speakers who spoke at a programme held at the PIA Model School on Sunday to mark the World Environment Day being observed every year on June 5. The programme was…

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LONGi Green Energy Technology Co., Ltd (hereinafter LONGi) has noted that BloombergNEF, a global third-party research provider, stated in its Q2 2022 Global PV Market Outlook that “the world’s largest module maker, LONGi, is […] off the list for Q2 2022 because it has a debt record from May 15, 2022.” The company feels it necessary to clarify the circumstances behind this perceived debt and is therefore issuing the following statement.The ‘debt record’ in question refers to a minor labour dispute between the company and an individual, which has now…

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Argentina, home to the world’s second-largest shale gas deposit, cannot help gas-starved Europe, which is scrambling to obtain non-Russian natural gas after Russia’s invasion of Ukraine. In fact, Argentina cannot even help wean itself off its energy import dependence in the short term despite the huge resources at the Vaca Muerte shale. The development of Vaca Muerta has hit various snags over the past half-decade, from perennial economic crises to global oil and gas crises and domestic foreign exchange limitations. Moreover, Argentina has failed to advance pipeline projects to take…

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The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion through 2025, according to investment bank Jefferies. Following months of rumors and indecision, the UK government announced last week a 25% Energy Profits Levy, commonly referred to as a “windfall tax”, as part of a package to ease the cost-of-living crisis stemming from huge rises in household energy bills. The move has long been opposed by the industry, which argued that a windfall…

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